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cnbc.com
Iran warns ships it's 'unacceptable and dangerous' to transit the Strait of Hormuz without their approval
The stern warning underscores Tehran's resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
cnbc.com
Despite Trump trade rhetoric, Asian investors keep betting on U.S.: Former House Majority Leader Eric Cantor
Cantor said that investment flows still have "so much" allocation to the U.S., because investors recognise that the country was still one with a "rule of law."
cnbc.com
Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.
cnbc.com
CNBC Daily Open: Micron steals Nvidia's margin king crown
Micron overtakes Nvidia and Meta to be Wall Street's new margin king.
cnbc.com
Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill dozens
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.
bbc.co.uk
Ferrari marketing boss quits just weeks after EV launch backlash
The design of the luxury carmaker's first all-electric vehicle, the Luce, was heavily criticised.
bbc.co.uk
Attraction tax cut welcomed by businesses
VAT will be cut on children's meals and tickets to some attractions across Surrey and the UK.
bbc.co.uk
Reeves backs Burnham to become next prime minister
The chancellor throws her support behind the MP for Makerfield despite reports he could demote her if he becomes PM.
theguardian.com
It’s not the bond markets Andy Burnham should be afraid of. It’s his own MPs | Aditya Chakrabortty
To stay popular with the public – and his backbenchers – he’ll need to make big changes fast. That means changing the way the government borrowsA Labour leader arrives, shirt and smile ironed into place, in his hands a big idea. He has polished one slogan, prepped three anecdotes, memorised eight bullet points. He wants more cash for vital services, or workers to have a stake in their employers, or to take some utility into public control. Not so big an idea, really, but, right on cue, the attacks come from almost every side – breathless lobby reporters, sententious columnists, zombie Blairites. And they all agree on one fatal thing: the bond markets will never wear it.The death sentence having been pronounced, all that remains for the politician’s proposal is a pauper’s funeral.Aditya Chakrabortty is a Guardian columnist Continue reading...
cnbc.com
Anthropic's latest hiring spree reveals where it's building AI data centers next
The AI lab is hiring for AI data center roles in Australia and Japan as it rushes to expand compute capacity overseas.
cnbc.com
SK Hynix surges 12% after Micron earnings; blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 12% on Thursday after the company said it is seeking to raise as much as $29.4 billion.
cnbc.com
Iran's neighbor, U.S. ally: What Pakistan gains from being a peacemaker
Pakistan's efforts to bring an end to the conflict in the Middle East are driven by the need to avoid a spillover across its borders.
cnbc.com
Investors still seek a human touch even with AI tools at hand: HSBC
Investors are still turning to the judgment of a professional adviser in their last investment decision, despite using AI tools, a HSBC survey found.
bbc.co.uk
Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
The firm alleged that Alibaba used fraudulent accounts to access data from its Claude AI model.
bbc.co.uk
Trump accuses big oil firms of price-gouging drivers
The US president named Shell, ExxonMobil, BP and Chevron when talking to reporters about a probe into fuel prices.
cnbc.com
South Korea’s IPO bust clouds equity markets as Chaebol structure restrains listings
South Korea's IPO activity has lagged that of its regional peers as the structure of the market and governance reforms collide.
cnbc.com
Inside India newsletter: Meet the humans teaching robots to perform routine tasks, as India finds a way to enter the AI race
Several companies have cropped up in India providing video training data made by humans that is being used to teach robots in the U.S. and China.
cnbc.com
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
bbc.co.uk
The legal fight to get equal pay for Germany's disabled workers
A test case is seeking the minimum wage for 300,000 disabled people who currently get paid less.
bbc.co.uk
I've spent 30 years in recruitment - this is how to get a job
The recruitment agency boss shares his tips on getting noticed in a tougher jobs market.
bbc.co.uk
VAT cut on theme parks and kids' meals comes into force
The government will reduce tax from 20% to 5% on a range of attractions as schools begin to break-up.
theguardian.com
One in four graduates will lose financially from going to university, IFS estimates
Degrees still mostly boost lifetime pay, thinktank says, but those completing creative qualifications may end up worse offA quarter of UK graduates can expect to be financially worse off after going to university, especially those who take creative or performing arts degrees, according to new estimates by the Institute for Fiscal Studies.The research is based on the pay of students who graduated in the teeth of the global financial crisis in 2008. While the IFS projects that the majority will be £100,000 better off in lifetime pay thanks to their degree, about 25% might have done better without entering higher education once their likely pay, student loans and taxes are added up. Continue reading...
cnbc.com
Micron stock jumps 15% as soaring prices from memory crunch lead to quadrupling of revenue
Micron's quarterly earnings report follows a 700% surge in the memory maker's stock price over the past year.
bbc.co.uk
Texas family sues Tesla over fatal crash into home
A woman in her 70s was killed after a Tesla crashed directly into the family’s home.
cnbc.com
Micron is tech's new margin king as memory crisis pushes company past Nvidia and Meta
Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.
cnbc.com
Trump meets defense CEOs as Iran operations strain U.S. missile stockpiles
The White House is pressing major defense firms to expand missile and munitions output as Iran talks and weapons stockpile concerns put new pressure on the Pentagon’s industrial base.
cnbc.com
Anthropic accuses Alibaba of campaign to 'brazenly' and 'illicitly' extract AI capabilities
The letter, which was obtained by CNBC, claims Alibaba carried out "the largest known distillation attack on Anthropic to date."
cnbc.com
Qualcomm stock pops 15% after chipmaker almost doubles projection for 2029 non-handset revenue
Qualcomm's primary business has been smartphones, which accounted for two-thirds of the company's product revenue in it's most recent quarter.
theguardian.com
Elon Musk loses trillionaire status as SpaceX and Tesla stock drops
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaireElon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth as $970.2bn.Musk reached trillionaire status on 12 June after SpaceX’s historic initial public offering. The rocket, satellite and AI company’s debut on the stock market made Musk the first person with a net worth of more than $1tn. His fortune continued to hover around that gigantic figure in the weeks following the initial public offering (IPO). Continue reading...
cnbc.com
Cerebras CEO says margin forecast was 'misunderstood' as stock plummets after earnings
AI chipmaker Cerebras has a staggered lock-up expiration that includes some shares becoming available for trading this week.
cnbc.com
Bitcoin falls back under $60,000, hitting its lowest level since October 2024
Bitcoin, now in the eighth month of its bear market, dropped to an October 2024 low amid a pullback in tech stocks.
cnbc.com
Energy secretary says U.S. has ended Iran's ability to close Strait of Hormuz
Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.
cnbc.com
U.S. crude oil briefly dips below $70 as tankers transit Strait of Hormuz
U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.
cnbc.com
Nvidia's Huang calls black market data centers made of smuggled parts a 'dead end'
Washington regulators and the Trump administration are increasingly wary of China getting ahold of advanced AI software and hardware.
theguardian.com
Exploit last North Sea oil and gas or risk mass job losses, Andy Burnham urged
British Chamber of Commerce boss Shevaun Haviland says transition to clean energy could be handled betterAndy Burnham should be ready to exploit the UK’s remaining North Sea oil and gas resources to avoid mass job losses in Scotland and the north-east, the director of the British Chambers of Commerce (BCC), Shevaun Haviland, has said.The decision about whether to allow extraction at the Jackdaw and Rosebank fields now appears likely to fall to a Burnham administration. Continue reading...
theguardian.com
Big tech spent millions on a single US congressional race. It won’t be the last time
Pro- and anti-AI groups spent $24m on a congressional contest in New York, but it’s unclear to what endUS politics live – latest updatesWhen the Democratic primary for New York’s 12th congressional district was called on Tuesday night, the result capped off one of the most expensive races of its kind in the state’s history. More than $24m poured into the Manhattan contest from tech-backed financial groups as the campaign turned into a battleground for pro- and anti-AI groups to test their influence.Much of the spending targeted candidate Alex Bores, a member of the state assembly who sponsored an AI safety bill and subsequently became a lightning rod for the tech industry. Pro-AI political action committees (Pacs) put more than $8m into the race to oppose Bores, according to Tech Influence Watch, while industry groups supporting regulation spent more than $16m to counter the attacks. Continue reading...
bbc.co.uk
Elon Musk loses trillionaire status as global tech rout hits SpaceX
Elon Musk lost his trillionaire status on Tuesday after a brutal global tech rout erased billions from his wealth.
bbc.co.uk
Baroness Mone among individuals sued to recover PPE Medpro millions
The Baroness and her husband Doug Barrowman are among individuals being sued in a bid to recover some of the money owed to the government by the business.
cnbc.com
Traders are getting worried the chip stock bull market is cracking. How to protect yourself
Options traders were buying a lot of protection on the iShares Semiconductor ETF (SOXX) on Tuesday.
theguardian.com
Another FTSE firm is under attack from a US raider. Demand top dollar | Nils Pratley
The warehouse landlord Segro has a bright future, not least with datacentres, so there’s no reason to roll overSegro rejects £12.6bn offer from US rivalHere we go (yet) again: another opportunistic takeover bid from the US for a UK company. The fun at easyJet isn’t even over yet, but the next target is Segro, the property firm known as Slough Estates until the branding merchants decided a slicker name was needed for a portfolio that these days extends well beyond Berkshire and deep into continental Europe.Warehouses and logistics centres stir few sentimental or patriotic feelings but Segro is the biggest commercial landlord on the London stock market. If it eventually falls to Prologis of the US, we will be asking – not for the first time – whether the UK knows how to value what’s under its own nose. Continue reading...
theguardian.com
Bedford crash occurred after train passed red signal, investigators believe
Interim report says other train it hit had halted on line because warning system wrongly caused it to brakeThe train whose driver died in the Bedford rail crash passed a danger signal without stopping – while the train it hit had halted on the line because a fault in its warning system had caused it to brake, investigators believe.An initial report by the Rail Accident Investigation Branch (RAIB) into the crash, which also injured more than 100 people, said it was not yet clear whether the train’s automatic warning system (AWS) had alerted the driver of the southbound Luton airport express from Corby that he had passed a red signal. Continue reading...
theguardian.com
Former WH Smith’s small suppliers to lose at least half of debts in rescue plan
If TG Jones’s aggressive restructuring is voted through, small ‘non-core’ creditors such as greeting card firms will be hit worstSmall suppliers are to lose at least half the money owed to them by the former WH Smith high street chain if a planned restructure is voted through this week.The books to paperclips retailer, which has 450 stores, was bought by the private equity firm Modella Capital last year and rebranded TG Jones. It has said it is likely that it will have to call in administrators if creditors, including shop landlords, do not approve an amended restructuring plan, seen by the Guardian, designed to cut costs in votes on Wednesday and Thursday. Continue reading...
cnbc.com
Micron earnings are set to send the market on a wild ride — and a new ETF may add to the volatility
The Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) is a 2x levered version of the popular DRAM ETF.
cnbc.com
Toyota gains on General Motors in new U.S. sales forecast: 'GM may be looking over their shoulder'
Toyota has notably leaned into hybrid vehicles while GM and others bet on all-electric vehicles, which saw lower-than-expected adoption from consumers.
cnbc.com
Defense stocks plummet on reports Germany is scrapping warships; Rheinmetall stock down 18%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to reports.
theguardian.com
Great Britain’s grid operator pays £10m for extra power to avoid supply crunch tonight
Neso expected to pay millions to secure enough electricity to meet demand as households turn on fans and air conditioningGreat Britain’s grid operator is expected to pay millions to fire up gas power plants to avoid a rare summer power supply crunch on Wednesday evening as extreme heat puts pressure on the energy system.The National Energy System Operator (Neso) is expected to pay about £10m on Wednesday to secure enough electricity to meet demand as households turn on air conditioners and electric fans, according to industry data. Continue reading...
theguardian.com
Trump says he’s ordered investigation into oil companies over alleged price gouging
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflictDonald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!” Continue reading...
theguardian.com
BT pension scheme lost £300m on Thames Water stake
Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisationThe BT pension scheme lost £300m after writing off its holding in Thames Water, the UK’s largest water company that is buckling under a £20bn debt pile.The loss came after the telecoms company’s decision to write off its 8.7% equity stake in Thames in 2024, according to a presentation to analysts captured in a video, in news first reported by the Financial Times. Continue reading...
theguardian.com
A decade after the Brexit vote, Europe has moved on even if Britain hasn’t
In this week’s newsletter: As the EU consolidates, the UK faces renewed debate over the long‑term shape of its relationship with the continent• Don’t get This Is Europe delivered to your inbox? Sign up hereThe morning of 24 June 2016, the day after Britain voted to leave the EU, dawned grey and overcast in Brussels, after a stormy night. As the Guardian’s correspondent in the city, after a few hours’ sleep, I hurried to a breakfast briefing with Conservative MEPs at a smart hotel in the EU quarter. Large trays of eggs, sausages and beans were barely touched, as MEPs fielded questions they couldn’t answer: What happens now? When would the UK leave? Would David Cameron resign? A few hours later he did.In the EU institutions officials broke down in tears. A few top British EU civil servants prepared to resign. Anti-EU populists were jubilant. European leaders feared a domino effect of withdrawals. Sadness, shock and anger swirled on that humid day. The then-president of the European parliament, Martin Schulz, told me that EU lawyers were studying whether it was possible to speed up the triggering of article 50, the then-obscure and untested EU exit clause. Then European Commission president Jean-Claude Juncker declared he would like to get Brexit negotiations started “immediately”. The idea of hurrying Britain out the door was soon dropped, but those statements reflected the febrile mood. Continue reading...
cnbc.com
U.S. Treasury will oversee frozen Iranian funds when they're released, Bessent says
Treasury Secretary Scott Bessent said once Iranian frozen assets are released, they will be overseen by Treasury and routed largely to U.S. agriculture, medicines.
theguardian.com
I was wary of driverless cars and their tech overlords – but they could give me a different future | Gabriel Stewart
For those of us who can’t drive due to disabilities, the drawbacks of these vehicles are vastly outweighed by the possibilities they offerThe robotaxis are coming! The robotaxis are coming! Well, actually, they’re already here. Until now they’ve been the stuff of science fiction, but this summer London’s streets have seen Silicon Valley-based company Waymo testing out self-driving cars. It hasn’t been the smoothest of introductions – from cars getting stuck in a cul-de-sac and repeatedly waking up the residents of Shoreditch to one driving into a crime scene, after a double stabbing in Harlesden.The automated vehicles (AVs) have so far had trained drivers waiting behind the wheel to take control if needed, but will soon be shedding their human minders. Waymo and British rival Wayve are hoping to launch driverless minicabs in the capital this year, subject to approval from the British government and Transport for London, among others. A subsidiary of Google parent Alphabet, Waymo currently operates ride-hailing services in 10 US cities, but London, with its narrow streets and densely populated centre, will serve as one of its biggest challenges yet.Gabriel Stewart is a freelance writer and an intern on the Guardian’s positive action schemeDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
Trump claims Iran has assured U.S. there won't be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
bbc.co.uk
Train passed red signal before fatal crash - report
A preliminary report from the Independent Rail Accident Investigation Branch is published.
theguardian.com
Keir Starmer defends record during first PMQs since resignation – video
In the first prime minister's question since announcing he would step down, Keir Starmer has defended his record and said he had turned the Labour party around. The prime minister repeatedly said he was handing over the country in better shape than he found it and accused Kemi Badenoch's Conservative predecessors of being unable to do the sameStarmer defends record as he faces Badenoch in first PMQs since resignation – UK politics live Continue reading...
theguardian.com
Farm workers at higher risk amid screwworm outbreak in US south-west
Those who work with animals are at greater risk for infection, but face challenges in accessing healthcareAgricultural workers are among the highest risk group for human infection during the screwworm outbreak in the American south, yet they frequently face challenges in accessing public health – an ongoing concern amid zoonotic spillovers such as H5N1 bird flu.Screwworm has been detected in goats and sheep in three Texas counties in recent days, bringing the total to 16 known cases among animals and none reported in people. Continue reading...
theguardian.com
Meta pauses employee tracker for AI training amid privacy concerns
About 1,600 workers signed petition against tool that tracked staff keystrokes, mouse clicks and computer screen contentMark Zuckerberg’s Meta has paused a program that tracked employees’ computer activity amid data privacy concerns and a staff backlash.The owner of Facebook, Instagram and WhatsApp had introduced a tool that tracked staff keystrokes, mouse clicks and content displayed on computer screens in order to collect data for training its AI models. Continue reading...
theguardian.com
Record profits, terrible service: something’s got to give for US consumers
Experts say consolidation and market power have left consumers paying more for lessHow do people in the US describe customer service in 2026?When Delta Airlines charged Marie Duggan, an economic historian visiting Oaxaca, Mexico, $1,200 to change a scheduled flight to the United States, she was so angry she cancelled and booked a cross-border night-time bus ride instead.Duggan thought Delta’s price increase to fly to Phoenix instead of San Francisco, at twice the price of a one-way flight to Phoenix, was an insult and a rip-off. So she took a $250 flight on Aeromexico to Hermosillo, in the north-western state of Sonora, and then a $59 bus across the Mexico border. Continue reading...
bbc.co.uk
Council tax debt rises to £9bn but here's how you can get help
New figures show billions of pounds is owed to councils but the government has plans to reform the system.
theguardian.com
‘Extremely overwhelmed’: apartment renters face rising tide of fees
Guardian investigation: Renters at apartment buildings operated by industry giant Greystar complain they’re deluged by ‘unfair’ and ‘inflated’ fees. The company denies these claimsTenants at apartment complexes operated by Greystar, the largest owner and manager of apartments in the US, don’t just pay rent. They pay a mass of fees that many renters have never heard of before.These add-ons include “boiler management fees”, “variable refrigerant flow fees”, “solar rebill” fees, even “lifestyle fees”. Continue reading...
bbc.co.uk
Why are there holiday delay warnings over the EU's new border system?
The EU's much-delayed Entry/Exit System will change the way UK passengers travel to 29 countries.
theguardian.com
‘You can’t make billions without hurting people’: Cory Doctorow on Elon Musk, the AI bubble and bosses’ cruel fantasies
The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in powerA “centaur”, in automation theory, is a person assisted by a machine, and a “reverse centaur”, hero of Cory Doctorow’s new book, The Reverse Centaur’s Guide to Life After AI, is a “human who is conscripted into acting as an assistant to a machine”. Every warehouse worker who ever had to urinate in a water bottle because they couldn’t otherwise meet the fulfilment targets set by an algorithm is a reverse centaur. Reaching into the future, everyone who has to sit in a self-driving truck to make sure it doesn’t crash, presumably on minimum rather than truck-driver wages, is a reverse centaur; as is every lawyer no longer on lawyer’s money checking Gemini’s command of precedent, every indie band scraping a living doing covers of AI-generated hits, and so on. That, anyway, is the promise: AI is coming for your job, and it is coming for your kids’ jobs, and there is no point fighting it because the future’s already here.Wiping out the world of work, and with it our ability to sustain ourselves and live autonomous lives, is only the beginning, if you listen to AI’s architects. Elon Musk has called it the single greatest threat to human civilisation, Sam Altman has said it will “most likely lead to the end of the world” and Dario Amodei, CEO of Anthropic, memorably forecast that AI would come to see us the way we see animals: cute to have around but ultimately a resource to be exploited. “AI people claim they’re about to create God, by teaching words to a word-guessing programme,” Doctorow says. “It’s grandiose.” Continue reading...
bbc.co.uk
Burnham likely to replace Reeves if he becomes PM
Rachel Reeves would be offered a more junior cabinet role, the BBC understands.
theguardian.com
Dettol apologises after ‘toxic men’ advert sparks backlash in China
British disinfectant brand withdraws advert about a man’s efforts to find a ‘clean and untouched’ womanThe British hygiene brand Dettol has apologised after an advertisement released in China, which it said was intended to criticise “toxic men”, was widely condemned on social media as offensive to women.The five-minute advert for a multipurpose disinfectant, released across many online platforms at the end of May, features a man comparing his girlfriend with his former partner. Learning that his former girlfriend previously lived with someone else, the man likens their relationship to a “secondhand service”. He then tells his friends that he intends to find a “clean and untouched” woman for whom he can be the first sexual partner. Continue reading...
bbc.co.uk
How has Northern Ireland's economy fared since Brexit?
A decade on from Brexit, BBC News NI's John Campbell looks at whether the region has benefited from having dual access to the EU and GB markets.
cnbc.com
Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Morgan Stanley has sharply raised its outlook for China's humanoid robotics market, as early commercial deployment in real-world scenarios accelerated.
theguardian.com
‘A real difference’: how community hubs help local people fight rising living costs
More locations are offering debt advice, health services, cafes, social activities and support under one roofShortly before lunchtime in a London community centre, older visitors are chatting over coffee and crosswords as young families drift in and out. Kitchen volunteers from the Real Junk Food Project are preparing lunch at a “pay as you feel” cafe, using food that would otherwise have ended up in the bin.Conversations inside the Victorian building at the East Twickenham Neighbourhood Association (ETNA) community centre range from financial advice to digital support, via childcare and legal services. There are counselling drop-ins and self-help groups, while down the corridor yoga is about to start. Over the course of the day, it all builds a picture of what community hubs offer local people. Continue reading...
theguardian.com
Keir Starmer couldn’t beat the curse of Brexit – a politics poisoned by nationalism | Rafael Behr
The outgoing prime minister’s efforts to mobilise a healthier kind of patriotism fell flat. Andy Burnham may stand a better chanceBritain is not ungovernable, but the chalice of high office has been spiked with unusually fast-acting poison. Six prime ministers down in a decade. The spectacle of the lectern planted outside No 10 for a resignation speech has acquired the familiarity of ritual.Since the Brexit referendum, the average tenure in Downing Street has been less than two years. That ballot isn’t directly responsible for ending Keir Starmer’s reign. He brought deficiencies to the job that have nothing to do with the EU. He took power without a clear sense of what he wanted it for and resented the expectation that he explain himself better. But those weaknesses were more cruelly exposed in our parched post-Brexit climate, a decade into the goodwill drought. Continue reading...
theguardian.com
Progressive economists reject Unite leader’s criticism of Ed Miliband
Sharon Graham is urged to withdraw her claim that the energy secretary would cost jobs if he became chancellorMore than 40 progressive economists have written to Sharon Graham, the leader of Unite, rejecting her claim that Ed Miliband would destroy jobs if he becomes the next chancellor.With Andy Burnham almost certain to be prime minister within weeks, there is a fierce debate within Labour about who should succeed Rachel Reeves at the Treasury, with Miliband considered a frontrunner. Continue reading...
theguardian.com
‘A total, utter nightmare’: small businesses on Brexit, 10 years on
Cheesemakers, farmers, exporters and wine merchants say red tape, lack of vision and rising costs mean they have stopped trading, sold up or retired earlyOut of pocket, out of business, retired early. These are the tales of the “sunlit uplands” experienced by small-to-medium-sized businesses across Britain after Brexit.Between 16,000 to 20,000 businesses stopped exporting to the EU altogether, but others who soldiered on complain Boris Johnson’s government catered for the “blue chips”, not the small, everyday companies when they designed the hard Brexit for Britain. Continue reading...
theguardian.com
‘The soul’s been ripped out of it’: Birmingham community housing scheme on brink over costs dispute
Row over ‘landmark’ development in Stirchley has left people homeless and put businesses at risk, say localsA housing development in Birmingham, touted as a model for community-owned housing in the UK, is at “serious risk of collapse” due to a dispute over construction costs.The Stirchley Cooperative Development (SCD), which was founded by local residents and businesses in Birmingham in 2016, was meant to provide 39 affordable and landlord-free homes owned and run by the people who live and work there by 2024. Continue reading...
theguardian.com
‘Who is going to pay us when we’re replaced by robots?’ The Indian factory workers told to film themselves for AI
When workers had cameras attached to them, they found it funny at first. But novelty soon turned to concernThe first time the factory supervisors handed garment worker Lalita* a head-mounted camera, she burst out laughing. “The way people mount a CCTV camera on a wall, they mounted one on us,” she says.The 32-year-old had been working at the garment factory on the outskirts of Delhi for nearly a year when management asked workers on her line to strap small cameras to their foreheads before starting their shifts. Nobody explained why. Continue reading...
theguardian.com
‘Walking a tightrope’: Burnham’s borrowing plans clash with fiscal realities
The man tipped for No 10 could also come under immediate pressure if his chancellor is deemed by bond markets to be too left-wingAndy Burnham would enter Downing Street already “boxed in” by financial markets if he signals a rise in borrowing to pay for a more expansive policy agenda, bond investors have warned.The newly elected MP for Makerfield, who is widely expected to be the next prime minister, could also quickly come under pressure if he chooses a chancellor who is seen to be too leftwing by bond markets. Continue reading...
theguardian.com
Britain, Brexit, Burnham: how was it for EU? – podcast
A decade after Brexit, the UK simply can’t shake the legacy of the referendum. But with shifting public opinion and the rise of Andy Burnham, could Britain be plotting a path back to the EU?It’s been 10 years since the UK woke up to the shock of the Brexit referendum result, which upended British politics and rattled the establishment to its core.The Guardian’s economics editor, Heather Stewart, and Nosheen Iqbal examine the long shadow that decision cast over the country. From economic friction and the toxic immigration debate to the endless churn of prime ministers, the UK just can’t seem to get over Brexit. Continue reading...
bbc.co.uk
Who could be the UK's next chancellor?
The prime minister's resignation has fired the starting gun on the race to be in charge of the UK's finances.
bbc.co.uk
Google's YouTube settles social media addiction case with teen
The 15-year-old plaintiff's case against three other tech giants begins next month.
bbc.co.uk
Chinese e-commerce giant Alibaba sues US government over defence blacklist
It is suing the US defence department after it was added to a list of firms with ties to the Chinese military.
bbc.co.uk
Stanford graduates rethink their futures as AI transforms tech
The BBC spoke with Stanford University graduates about what they really think about artificial intelligence.
bbc.co.uk
Ten years on, Brexit's economic impact is becoming clearer
A decade ago, many economists argued the UK would sustain longer-term economic damage by leaving the EU. So what did happen?
bbc.co.uk
The economic challenges facing the next prime minister
Though the person in charge of the country will change, the fiscal issues remain the same.
theguardian.com
Adidas, Uniqlo and Calvin Klein ads in UK banned over ‘recycled’ clothing claims
UK regulator has increased its scrutiny of fashion retailers over potentially misleading environmental statementsAds for Calvin Klein, Adidas and Uniqlo promoting “recycled” clothing and shoes have been banned by the UK watchdog after the advertisers were unable to prove their green claims.Each of the fashion companies ran paid-for Google ads, with Adidas promoting “recycled running shoes”, Calvin Klein “recycled” tops for women, and Uniqlo advertised fleece coats and jackets made from “recycled materials”. Continue reading...
theguardian.com
Deaths linked to London air pollution have fallen 40%, study estimates
However, Imperial College team also find that pollution has worse health impact than previously understoodDeaths linked to air pollution fell by an estimated 40% in London over the five years from 2019, according to new analysis.The city’s mayor, Sadiq Khan, welcomed what he called “overwhelming evidence” that his ultra-low emission zone was saving lives. Continue reading...
theguardian.com
Multiple Airbus o80 planes to be grounded for urgent inspections after cracks found in wings
Airbus to inspect 15 Emirates and one Qantas plane after cracks found in structural wing beam of some jetsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAirbus will inspect 16 o80 planes, five of them immediately, after cracks were found in a key wing component on aircraft used by the Emirates and Qantas airlines.The European Union Aviation Safety Agency (EASA) has ordered urgent inspections requiring airlines to examine the wing-spar structure on the affected jets after inspectors found cracks during routine maintenance checks. Continue reading...
bbc.co.uk
Kunal Shah: The Indian entrepreneur taking charge of WhatsApp
Kunal Shah has been a recognisable figure in India's startup ecosystem for a while but now he faces global spotlight.
bbc.co.uk
Business Daily
Luis von Ahn co-founded the #1 language app after selling reCAPTCHA to Google
bbc.co.uk
Meta halts worker tracking for AI training due to privacy fears
The company had started just two months ago tracking workers’ computer usage for AI training data.
bbc.co.uk
Tech stocks tumble on concerns over AI spending
A sudden wave of selling in major tech shares triggers doubt over the sustainability of the AI boom.
theguardian.com
HMRC announces 22% tax on cash interest held in stocks and shares Isas
Treasury also promises a new first-time buyer Isa with no upper age limit, as the ‘age at which a first home is bought is rising’Isa reforms announced on Tuesday promise a new first-time buyer account with no upper age limit, and a tax on interest on cash savings held in a stocks and shares wrapper.Savers and investors can currently deposit up to £20,000 a year in Isas, which offer the chance to earn returns which are not subject to tax. Continue reading...
theguardian.com
When leasehold flat owners are being treated as second-class citizens | Letters
Readers respond to an article on a campaign that is fighting to end the leasehold system in England and WalesI read your article about the National Leasehold Campaign and the problems associated with owning a leasehold property (‘The developers got greedy’: the women who took on the leasehold scandal – and won, 16 June). I fully understand the financial costs of leasehold, be it ground rent, management fees or extending a leasehold. However, I would like to point out that there is another problem with owning a leasehold flat.The freehold to our blocks was purchased by developers, who announced that they would be building new flats on top of our homes. Despite appealing against this, leaseholders were powerless to stop the development. Since May 2025, we have had restricted daylight due to scaffolding that was erected six months before work commenced; trespass above the flats due to poorly secured access; water ingress into flats caused by intruders trying to steal copper; work carrying on into evenings above flats as well as on bank holidays; and work vehicles blocking access. I could list a whole lot more. The work has affected residents with noise, dust and disruption. Continue reading...
theguardian.com
Farage breaks cover at last but finds the £5m question hasn’t gone away | John Crace
A testy Reform UK leader tried to bat off questions about why a gigantic gift to him had anything to do with the publicHappy days. Ten glorious years. Maybe it was the chance to bask in the unmitigated triumphs of the UK’s decision to leave the EU. Maybe he wanted to take advantage of a rare lacuna. The vacuum between the last rites of the Keir Starmer government and the handover to Andy Burnham. The man from Makerfield who had only a few days ago been in such a hurry now finds he needs more time to get his ducks in a row. Or maybe it was just the hope that amnesia had set in. That it was safe to come out. Whatever it was, Nigel Farage chose to break cover.For more than eight weeks now the Reform leader has been a virtual recluse. From having to meet his cravings for an instant fix with two or three press conferences a week, Nige has refused to do any media. He has been in hiding. Only seen out with a few friendly faces. Posting videos of himself alone in a field where reporters can’t find him. Any suggestions that this has anything to do with the £5m gift, or whatever you want to call it, are obviously hopelessly wide of the mark. Nige just wants to be alone. To take a Garbo moment. Some me-time with the person he loves most in the world. Continue reading...
cnbc.com
Brexit 10 years later: How the UK economy and politics changed, in charts
Ten years after the Brexit vote, CNBC compiled these charts show how the U.K. has changed across growth, immigration, sterling, trade and politics.
bbc.co.uk
Stop pretending EU's new border system is working, says airports chief
The head of Europe's airports lobby says concerns over EES are keeping him awake at night and he doesn't know how airports will cope over the summer.
theguardian.com
Can the UK kick its cod habit? Fish and chip shop favourite slips down the menu as prices soar
The cost of the traditional takeaway has doubled since 2019, and more outlets are trying to tempt customers with cheaper options such as coley, pollack and hakeIn late April, visitors to Harbour Lights in Falmouth, Cornwall, may have raised an eyebrow. The fish and chip shop was in the midst of a “cod-free week”, its owners having removed cod from its menu entirely.It was the second time owner Pete Fraser had undertaken the experiment, 15 years after the first. He also removed cod from his shops in Penzance and Helston, replacing it with coley, pollack, hake and hoki. The result was very different. “Some of the feedback we had, which certainly wasn’t what we got when we ran it years ago, is ‘Can you repeat this?’ Before, it was like, ‘Have you guys lost your head’?” Continue reading...
theguardian.com
I stand by what I said 10 years ago. We were right to leave the European Union | Larry Elliott
The Brexit vote showed that class still matters in British politics – and the changes needed are ones the EU would never have allowedRead more from the Brexit Vote: 10 Years On seriesOn the morning after the vote for Brexit, the Guardian’s newsroom was deathly quiet. There was disbelief that the public had voted the way it had, and the place was in mourning. With one exception the paper’s columnists had backed remain, and the shock of defeat was all the harder to bear because they had expected their side to triumph. The exception to the house view was me – and I certainly received some old-fashioned looks from my colleagues that day. Judging by my inbox, both then and thereafter, my colleagues were more in tune with the readers than I was, but the editor thought it important that my leftwing case for Brexit should be given a hearing. Ten years on, that case is worth restating. The first strand in the argument is that Europe isn’t working, and hasn’t been working for a long time. There has always been an economic case for EU membership but it has become harder to make down the years. When Britain was first applying to join what was then the European Economic Community, the major European economies were growing a lot faster than Britain, and were also closing the gap with the US. That is no longer the case. In the more than 17 years since the financial crisis, the US has grown by 87%, compared with the EU’s 13.5% – more than six times as fast. True, the Office for Budget Responsibility has estimated that the economy will be 4% smaller in the 15 years after the referendum than it would have been had the UK remained in the single market – but this finding should be treated with some scepticism. As Jeremy Hunt, who campaigned for remain, told the BBC last week, for the economy to be 4% bigger today it would have had to have grown as fast as the US – something the former chancellor finds implausible. The second is that Brexit highlighted the weaknesses of Britain’s financial services-dominated economic model, and provided the opportunity to try something different. While it would be wrong to blame Brussels for all Britain’s economic woes, any serious repair job requires a freedom of manoeuvre that EU membership made more difficult. The government’s decision to impose tariffs to protect Britain’s steel industry and to cut duties on 100 imported food products to ease the cost of living crisis are examples of that freedom being used. If Andy Burnham is serious about reversing “40 years of neoliberalism”, that will require curbs on the free movement of capital, goods and people – all expressly forbidden by single-market rules.And third, Brexit was a howl of anger from those parts of Britain that felt marginalised and forgotten. It was a vote for a different economic settlement to put right the damage caused by deindustrialisation and globalisation.Larry Elliott is a Guardian columnistDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
bbc.co.uk
Can you keep your kids off school or refuse to work during a heatwave?
As temperatures increase significantly over the next few days, these are your rights.
bbc.co.uk
Ticket reseller StubHub UK customers to get refunds over illegal hidden fees
The Competition and Markets Authority said StubHub must refund 50,000 customers and pay a fine.
theguardian.com
StubHub UK fined almost £900,000 over ‘hidden’ ticket fees
Reseller is also ordered to refund more than 50,000 fans, while its rival Viagogo remains under investigationBusiness live – latest updatesThe online ticket reseller StubHub UK has been fined almost £900,000 and ordered to make payments to more than 50,000 fans for not showing the full price of tickets at the time of booking, an illegal practice known as “drip pricing”.The UK competition watchdog, which launched an investigation into the sales practices of eight companies including the rival reseller Viagogo UK last year, said StubHub must issue refunds exceeding £590,000 to customers. Continue reading...
bbc.co.uk
Tension 'likely' in new government - ex-chief
Kristina Moore says she expects to see "some quite considerable clashes" between senior politicians.
theguardian.com
From bendy bananas to £350m for the NHS – how many Brexit promises actually came true?
Leaving the EU was supposed to solve Britain’s border issues, slash bureaucracy, revitalise the health service, even supercharge vacuum cleaners. How much control did we really take back?UK marks 10 years since the Brexit referendum – Europe liveTen long years have passed since that queasy morning of 24 June 2016, when Boris Johnson and Michael Gove addressed the cameras to hail the victory of the Vote Leave campaign, and a leap into the unknown for the UK.In the no-holds-barred battle of Brexit that spring, many alluring promises were made to tempt voters to turn their backs on the European Union. A decade on, we take a look at which of them ended up being met. Continue reading...
theguardian.com
Where did it all go wrong for Starmer? – podcast
The UK has lost its sixth prime minister in a decade. How did Keir Starmer go from landslide victory to resigning in two years?When the former human rights lawyer, full of ambition, won a landslide in the 2024 general election, hope was in the air. Keir Starmer had arrived on a promise to repair 14 years of Conservative damage. Just two years later, with anger and disappointment swelling across the country, he has been forcibly ejected from the job. He’s a decent man, we’re told repeatedly, but he’s the most disliked prime minister since modern polling began.As Starmer stepped out to the lectern outside Downing Street, he certainly looked the part. Elegant grey suit, immaculately slicked side quiff, and the dignified gravitas you’d expect from a prime minister. But he could not deliver. Continue reading...
bbc.co.uk
Do you know your 'sweat score'? The rise of hydration tech
Hydration tracking gadgets are flooding the market but is it too much information?
theguardian.com
UK prime minister Keir Starmer announces resignation – video
Keir Starmer has confirmed he will resign as Britain's prime minister and leader of the Labour party. Starmer said he accepted with 'good grace' that he was not the best person to lead Labour into the next election. It comes as Andy Burnham, likely frontrunner for the post, makes his return to parliamentStarmer announces resignation as prime minister and leader of the Labour party - UK politics live Continue reading...
bbc.co.uk
Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
bbc.co.uk
Fake romance to missed deliveries: How to protect yourself from three common scams
Romance and investment fraud is at record levels but what can you do to prevent being caught out.
bbc.co.uk
Money Box
Civil service pensioners face further delays to payments.
bbc.co.uk
Do you want to know the secret to haggling with call centres?
Martin Lewis explains how your TV, phone, breakdown cover, insurance and more could be cheaper!
bbc.co.uk
Who had the best World Cup advert?
BBC Sport looks at the numbers behind both Nike and Adidas' World Cup adverts.
bbc.co.uk
Americast
The US economy backs Elon Musk’s vision for AI and sending people into space
bbc.co.uk
The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
bbc.co.uk
'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
bbc.co.uk
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
bbc.co.uk
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
bbc.co.uk
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.co.uk
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.co.uk
Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The ancient trick making food waste useful and tasty
Instead of throwing away byproducts of food processing, fermentation is making them valuable.
bbc.co.uk
'By the grace of God': Miners dig on as lab-grown diamonds change market
The rising popularity of lab-grown diamonds heaps pressure on those hunting for the natural gems.
bbc.co.uk
How 'confused' AI rollout hurts firms and baffles staff
Some firms are putting pressure on staff to use AI, but have not thought through their AI rollout.
bbc.co.uk
Caribbean hot sauce producers warn of shortages and higher prices
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.co.uk
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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